Capital Markets

Company Overview of Brown Brothers Harriman & Co.

Company Overview

Brown Brothers Harriman & Co., formerly known as Brown Brothers & Co., is a private bank, provides commercial banking, investment management, brokerage, and trust services to private companies and individuals. It also performs merger advisory, foreign exchange, custody services, commercial banking, and corporate financing services. Brown Brothers Harriman & Co. was founded in 1818 and is based in New York, New York. It has offices in the United States, Europe, and Asia.

The Board of Directors of Mandarin Offshore Fund Ltd. announced that with effect from 1 September 2014 Brown Brothers Harriman & Co has been appointed as Passive Currency Administrator pursuant to the terms of a class currency administration agreement. The Passive Currency Administrator will hedge each share class denominated in a currency other than the Base Currency, taking into account the valuation of the relevant share class, any subscriptions or redemptions in relation to that share class and any FX settlements. Under the terms of the agreement, the Passive Currency Administrator is generally responsible for providing calculation, execution and other services to and as directed by Mandarin Offshore Master Fund Ltd. in relation to spot and forward FX transactions for the limited purpose of assisting Mandarin Offshore Master Fund Ltd. in effecting the currency hedging strategy established by Mandarin Offshore Master Fund Ltd. The Passive Currency Administrator is authorised under the agreement to execute such transactions as principal counterparty. Mandarin Offshore Master Fund Ltd. has also entered into a custodian agreement with the Passive Currency Administrator, pursuant to which Mandarin Offshore Master Fund Ltd. has opened one or more cash and custody accounts with the Passive Currency Administrator for the purpose of effecting the spot and forward FX transactions referred to above. The Passive Currency Administrator and Custodian will provide services under normal commercial terms to the Master Fund.

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